New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China

Detalhes bibliográficos
Autor(a) principal: Ferraz,Lucas P. do C.
Data de Publicação: 2018
Outros Autores: Ribeiro,Marcel B.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402018000300330
Resumo: Abstract This article explores new tools for the ex-ante analysis of PTAs using large scale CGE models. The traditional impact analysis based on tariff cuts and gross trade performance is then extended to incorporate new features of the ongoing globalization process, such as non-tariff barriers (NTBs) and the so-called trade in valueadded. Several methodological as well as conceptual issues are then readdressed, including the proper use of estimated ad-valorem equivalents of NTBs as inputs in perfect competition CGE models as well as the very concept of a “preferential trade partner” in a world where nearly 65% of global exports correspond to trade in intermediates. The article concentrates its impact analysis on the Brazilian economy-providing an overview of its trade policy over the last decades-and the likely consequences of a hypothetical PTA involving Mercosur and China.
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spelling New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and ChinaNon-tariff barriersGlobal Value ChainsPreferential Trade AgreementsAbstract This article explores new tools for the ex-ante analysis of PTAs using large scale CGE models. The traditional impact analysis based on tariff cuts and gross trade performance is then extended to incorporate new features of the ongoing globalization process, such as non-tariff barriers (NTBs) and the so-called trade in valueadded. Several methodological as well as conceptual issues are then readdressed, including the proper use of estimated ad-valorem equivalents of NTBs as inputs in perfect competition CGE models as well as the very concept of a “preferential trade partner” in a world where nearly 65% of global exports correspond to trade in intermediates. The article concentrates its impact analysis on the Brazilian economy-providing an overview of its trade policy over the last decades-and the likely consequences of a hypothetical PTA involving Mercosur and China.Fundação Getúlio Vargas2018-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402018000300330Revista Brasileira de Economia v.72 n.3 2018reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.5935/0034-7140.20180016info:eu-repo/semantics/openAccessFerraz,Lucas P. do C.Ribeiro,Marcel B.eng2018-12-14T00:00:00Zoai:scielo:S0034-71402018000300330Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2018-12-14T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
title New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
spellingShingle New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
Ferraz,Lucas P. do C.
Non-tariff barriers
Global Value Chains
Preferential Trade Agreements
title_short New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
title_full New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
title_fullStr New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
title_full_unstemmed New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
title_sort New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The Case of Mercosur and China
author Ferraz,Lucas P. do C.
author_facet Ferraz,Lucas P. do C.
Ribeiro,Marcel B.
author_role author
author2 Ribeiro,Marcel B.
author2_role author
dc.contributor.author.fl_str_mv Ferraz,Lucas P. do C.
Ribeiro,Marcel B.
dc.subject.por.fl_str_mv Non-tariff barriers
Global Value Chains
Preferential Trade Agreements
topic Non-tariff barriers
Global Value Chains
Preferential Trade Agreements
description Abstract This article explores new tools for the ex-ante analysis of PTAs using large scale CGE models. The traditional impact analysis based on tariff cuts and gross trade performance is then extended to incorporate new features of the ongoing globalization process, such as non-tariff barriers (NTBs) and the so-called trade in valueadded. Several methodological as well as conceptual issues are then readdressed, including the proper use of estimated ad-valorem equivalents of NTBs as inputs in perfect competition CGE models as well as the very concept of a “preferential trade partner” in a world where nearly 65% of global exports correspond to trade in intermediates. The article concentrates its impact analysis on the Brazilian economy-providing an overview of its trade policy over the last decades-and the likely consequences of a hypothetical PTA involving Mercosur and China.
publishDate 2018
dc.date.none.fl_str_mv 2018-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402018000300330
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402018000300330
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.5935/0034-7140.20180016
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Fundação Getúlio Vargas
publisher.none.fl_str_mv Fundação Getúlio Vargas
dc.source.none.fl_str_mv Revista Brasileira de Economia v.72 n.3 2018
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
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reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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